The housing market in Litchfield, IL is highly affordable compared to the US as a whole. The median value of a house in Litchfield is $93,300, which is significantly lower than the US median value of $338,100. In the last year, house appreciation in Litchfield was 7.96%, slightly below the national average of 8.27%. All together, this makes for an attractive housing market for those looking for a place to call home in the area at an affordable price and with potential for growth.
The median home cost in Litchfield is $93,300. Home appreciation the last 10 years has been 42.8%. Home Appreciation in Litchfield is up 10.0%.
Average Age of Homes
- The median age of Litchfield real estate is 51 years old
The Rental Market in Litchfield
- Renters make up 28.3% of the Litchfield population
- 2.7% of houses and apartments in Litchfield, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.